7696 Varty CtLexingtonMI48450
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $1,244/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 5.97% with $1,244/mo rent. Return on cash invested shows 14.06% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 72.07% and total cumulative return in cash records $59,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 2022
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48450, Lexington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,011 (100%) |
| Owner Occupied HU | 1,708 (42.6%) |
| Renter Occupied HU | 307 ( 7.7%) |
| Vacant Housing Units | 1,996 (49.8%) |
| Median Home Value | $224,209 |
| Average Home Value | $259,376 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
2,648
Multi-Family
187
Businesses
165
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